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Dec 27, 2012
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harry reid saying it is republicans fault and somebody from boehner's office said harry reid has to talk less and legislate more. it is comical. it is simply comical what is going on. does it surprise you? >> sadly it does not surprise me too much. the truth is this. there has to be a bargain struck and not a good way to bargain to demonize the people you'll be sitting at the table with. harry reid called a speaker john boehner a dictator. republicans have fought that, they are not innocent in this. timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink every night so i did not know if i will get there or not. gerri: you glass half-full kind of guy. i hope you
harry reid saying it is republicans fault and somebody from boehner's office said harry reid has to talk less and legislate more. it is comical. it is simply comical what is going on. does it surprise you? >> sadly it does not surprise me too much. the truth is this. there has to be a bargain struck and not a good way to bargain to demonize the people you'll be sitting at the table with. harry reid called a speaker john boehner a dictator. republicans have fought that, they are not...
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Dec 27, 2012
12/12
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harry reid says the u.s. is likely to roll off of the fiscal cliff and will speak to reporters about those negotiations. mortgage rates finished out the year near historic lows. freddie mac says the average for a 30 year fixed mortgage east to 3.35%. the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go-ahead by the securities and exchange commission to allow the building to be included in a proposed real-estate investment funds. empire state realty creates as much as $1 billion in an initial public offering. that is the latest from the fox business network giving you the power to prosper. shibani: thing they're calling down after winter weather wallop. it was messy in new york city, hundreds of flights have been canceled or delayed across the nation leaving travelers stranded. let's check with the latest from maria molina at the fox business center for update. looking pretty good today. >> starting to improve, suspecting across new england
harry reid says the u.s. is likely to roll off of the fiscal cliff and will speak to reporters about those negotiations. mortgage rates finished out the year near historic lows. freddie mac says the average for a 30 year fixed mortgage east to 3.35%. the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go-ahead by the securities and exchange commission to allow the building to be included in a proposed real-estate investment...
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Dec 28, 2012
12/12
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senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation. the banks have been able to, you know, double their excess capital, improving their overall base of capital to the point now that they're even meeting the basel iii guidelines for the most part. when you look at the stress tests and what we'll go in march they have been able to derisk their balance sheets and able to build capital so we can pay out twice as much of our incremental earnings we had last year. when you look at liquidity, we've been able to build liquidity on the balance sheets. deposit growth has been very strong. so for the most part we'
senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation....
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Dec 27, 2012
12/12
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harry reid says they're headed over the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there
harry reid says they're headed over the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington...
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Dec 26, 2012
12/12
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a spokesperson for senator reid is saying "nothing to report. no conversations with republicans let." the spokesperson says "no outreach from any democrats. we are waiting on senate democrats." it looks right now that the cliff remains inside. lori: i heard you talking to dennis kneale earlier. the house generally has to post something for three days. realistically, right, everyone will come back tomorrow, they probably will not have anything by friday. peter: if they do something by friday, the house could vote on something by monday, new year's eve. the weekend could count. absolutely. they can actually do whatever they want. they can vote to waive the rules. yes, they have this three-day rule for making sure all members can read any legislation, any proposal that comes over from the senate. under the constitution, the house sets its own rules. lori: these goucher should have centered on tax policy. what is the likelihood plan from senator reed. >> $100 billion. we are waiting on senator reed. he has said that the senate legislation passed bac
a spokesperson for senator reid is saying "nothing to report. no conversations with republicans let." the spokesperson says "no outreach from any democrats. we are waiting on senate democrats." it looks right now that the cliff remains inside. lori: i heard you talking to dennis kneale earlier. the house generally has to post something for three days. realistically, right, everyone will come back tomorrow, they probably will not have anything by friday. peter: if they do...
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Dec 28, 2012
12/12
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reid thinks the next 20 four hours are important? you're supposed to as investor be thinking long term. to leave this down to the last minute like this is cruel and is a distic to investors. one of the reasons you saw the tremendous drop today. you mentioned monday night being volatile. that is holiday day. it is thinly traded. with the fiscal cliff literally occurring you can bet it will be extremely volatile sunday and monday night. adam: spencer, if i were in individual stocks seems not it the time to sell them or will we see that. >> the important thing to keep in mind with stocks, one part we have to worry about is the fiscal cliff. we have taxes and spending to worry about there. but what the real issue is, in my opinion is the debt ceiling debate that is just around the corner. adam: oh, joy of joy. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if th
reid thinks the next 20 four hours are important? you're supposed to as investor be thinking long term. to leave this down to the last minute like this is cruel and is a distic to investors. one of the reasons you saw the tremendous drop today. you mentioned monday night being volatile. that is holiday day. it is thinly traded. with the fiscal cliff literally occurring you can bet it will be extremely volatile sunday and monday night. adam: spencer, if i were in individual stocks seems not it...
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Dec 22, 2012
12/12
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now harry reid, mr. electric, and mr. obama get to go at it. >> look. advantage once again, to snatch the feed from the jaws of victory. the three of us on the next coercial break could figure this out. the point -- lou: the two of you could. i would report. >> look, tey just want political mileage, and they are getting it. it will be done. it has to be done. then they will go on to the next one. but it may not be done until the market falls by another five or 10%. it seems as though policymakers want to be beaten with a stake in order to get something substantialaccomplished in terms of long-term budget deficit reduction. lou: i can tell you, your metaphor, it pro the is welcomed that nearly every year or in the country right now because the idea of being these politicians with something right now is compelling. i mean, this is really getting stupid. >> it's like spare the market, spoil the policymakers. lou: as we look at these numbers that are coming in, you were watching, as we have talked for some time. the bernanke bubble is rising. now, it's gett
now harry reid, mr. electric, and mr. obama get to go at it. >> look. advantage once again, to snatch the feed from the jaws of victory. the three of us on the next coercial break could figure this out. the point -- lou: the two of you could. i would report. >> look, tey just want political mileage, and they are getting it. it will be done. it has to be done. then they will go on to the next one. but it may not be done until the market falls by another five or 10%. it seems as...
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Dec 27, 2012
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. >> i'm not sure where the president and senator ree reid e going to draw the line. where the president before was 400,000 with speaker boehner at a million last week. >> let's suppose it's 250. do you think the republicans will accept that, the say go ahead and do it, do you think so? >> i think we have to look at what the whole package is going to be. taxes are part of it and then the spending side. while we we were in a spending crisis and that's driven by-- and sequestered and-- stuart: will there be any spending cuts in a possible last minute deal, do you think? >> i think they'll set a frame work for something moving forward. i'm not sure what the spending cuts are going to be. what i hope is that next year-- stuart: i know what you hope for, but you're telling me that we're going to get some kind of last minute deal and i want to know what's in it, but i've run out of time. noel, thanks for joining us, appreciate it. >> thank you, sir. stuart: listen to this, a newspaper publishes of names and addresses of gun owners in new york counties. hundreds of names lis
. >> i'm not sure where the president and senator ree reid e going to draw the line. where the president before was 400,000 with speaker boehner at a million last week. >> let's suppose it's 250. do you think the republicans will accept that, the say go ahead and do it, do you think so? >> i think we have to look at what the whole package is going to be. taxes are part of it and then the spending side. while we we were in a spending crisis and that's driven by-- and...
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Dec 30, 2012
12/12
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senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they wa
senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in...
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Dec 27, 2012
12/12
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harry reid tanking the markets earlier. but as you say they're talking again maybe in the house on sunday night. so it goes. my next guest has been the head of the nonprofit organization uso since 2008. which is a charitable organization committed to taking care of u.s. troops. sloane gibson, uso's ceo an joins me from the nasdaq marketsite where he will ring the closing bell, oh, in about 41 minutes or there abouts. congratulations on that, sloane. thank you for joining us. i know you got back from a holiday uso tour. tell me what the uso provides and why is it so important? >> well the uso's mission is to lift the spirits of america's troops and their families. we've been around for over 71 years now and we constantly change. while the mission stays the same we change and adapt to the changing needs of troops and families. so today you find us pouring a lot of support to former deployed troops serving in harm's way, to military families that have endured stresses of multiple deployments to wounded and injured troops and t
harry reid tanking the markets earlier. but as you say they're talking again maybe in the house on sunday night. so it goes. my next guest has been the head of the nonprofit organization uso since 2008. which is a charitable organization committed to taking care of u.s. troops. sloane gibson, uso's ceo an joins me from the nasdaq marketsite where he will ring the closing bell, oh, in about 41 minutes or there abouts. congratulations on that, sloane. thank you for joining us. i know you got back...
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Dec 29, 2012
12/12
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staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate le
staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that...
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Dec 23, 2012
12/12
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harry reid. the senate has not passed a budget more than three years. the senate has not passed anything on the fiscal cliff greathouse have something with economics. all the senate has to do is pass something and they can go to a conference committee to get the whole thing ironed out. i think kerry reid and the senate and obama, because the democrats in the senate are doing his bidding, that is where the real obstacles to getting something done. >> there was a perception created that the vote last night would increase taxes. now, i disagree with that characterization. but that impression is out there. the number of our members who just really didn't want to be perceived as having to raise taxes. that was the real issue. gerri: in some ways he was talking about grover norquist. the man it is about this tax pledge where is the common ground there? >> the reason that we have a plan be now is because the houses are devoted to pass all of the bills. gerri: but how do you find common ground there? them and that's what the speaker was trying tdo. he was talki
harry reid. the senate has not passed a budget more than three years. the senate has not passed anything on the fiscal cliff greathouse have something with economics. all the senate has to do is pass something and they can go to a conference committee to get the whole thing ironed out. i think kerry reid and the senate and obama, because the democrats in the senate are doing his bidding, that is where the real obstacles to getting something done. >> there was a perception created that the...
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Dec 24, 2012
12/12
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we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the cliff, he will come back, propose just what he proposed yesterday leaving washington, and will end up adopting at the washed up at the market in such turmoil and the lack of confidence, why don't we go ahead and act now. >> most numbers are used to spending the christmas to new year's at home, it is time to go back to the table. if anybody sees these representatives from the house in line shops are getting their christmas turkey wish them a merry christmas, civil and say go back to the table, not her own table, the table in washington. >> so there's a group of senate republicans who would vote for taxes on wealthier taxpayers now to get that done, avoid the cliff, move on and fight for spending cuts when the president asks to raise the debt ceiling in february or march. the president and speaker said it will cut their vacation short to return to washington later this week to try and work something out. we are on standby. david: thank you very much. you just heard a
we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the cliff, he will come back, propose just what he proposed yesterday leaving washington, and will end up adopting at the washed up at the market in such turmoil and the lack of confidence, why don't we go ahead and act now. >> most numbers are used to spending the christmas to new year's at home, it is time to go back to the table. if anybody sees these...
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Dec 26, 2012
12/12
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from senate democratic leader harry reid, quote, nothing to report. no conversations with republicans yet. said republican leader mitch mcconnell, quote, no our reach for many democrats. we talk to the speaker's office all the time and always do but the house passed legislation and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10
from senate democratic leader harry reid, quote, nothing to report. no conversations with republicans yet. said republican leader mitch mcconnell, quote, no our reach for many democrats. we talk to the speaker's office all the time and always do but the house passed legislation and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the...
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Dec 27, 2012
12/12
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you had harry reid this morning saying we'll probably go over the cliff. we were down triple digits. then you had the announcement the house would reconvene. we almost rebounded. only closed down 18 points. where is all this going? i think the american public is ready to throw all of them into a room and lock the door and light a match. >> i'm with the american public on that. it's bad and what people come to expect from washington and to a certain extent i think i agree with both the other panelists. you had this going on in effect for a year not as intensely for the past several weeks but we've known about the uncertainty. there has been in paradoxical way certainty about the uncertainty you know this will happen. we bet on recent experience congress will either fail to get something done or get something slapped dash and ugly at the last minute. i think you have american public that be looed at this. said a pox on both of their houses and come to expect basically the worst from washington. adam: doug, let me ask you this. on behalf of those of us who do
you had harry reid this morning saying we'll probably go over the cliff. we were down triple digits. then you had the announcement the house would reconvene. we almost rebounded. only closed down 18 points. where is all this going? i think the american public is ready to throw all of them into a room and lock the door and light a match. >> i'm with the american public on that. it's bad and what people come to expect from washington and to a certain extent i think i agree with both the...
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Dec 27, 2012
12/12
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the dow was down triple digits after senate majority leader harry reid said that the u.s. is poised to tumble over the fiscal cliff but there was a late-day turnaround on the news that the house will hold a special session on sunday night. >>> directv customers can expect to pay more for their programing packages in 2013. the satellite cable provider is planning to hike prices by an average of 4 1/2% starting february 7th, citing higher programing costs and expects to pay it. v channel owners next year. >>> amazon.com is the place to go for online shopping this holiday season. according to a new survey from forse amazon took the top spot thanks in part to its wide variety of merchandise and its user-friendly site. that's the latest from fox biz is about business, giving you the power to prosper [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not ke viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood
the dow was down triple digits after senate majority leader harry reid said that the u.s. is poised to tumble over the fiscal cliff but there was a late-day turnaround on the news that the house will hold a special session on sunday night. >>> directv customers can expect to pay more for their programing packages in 2013. the satellite cable provider is planning to hike prices by an average of 4 1/2% starting february 7th, citing higher programing costs and expects to pay it. v channel...
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Dec 24, 2012
12/12
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we don't know yet what senator reid plans to bring to the senate for a vote. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years, and he gets to blame republicans for it. >> what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference, that would be a package of about 2.6 trillion dollars. you couple that with the 1.1 trillion that's already been done, that would be close to the 4 trillion dollars that's needed to stabilize the debt and begin to bring it down. peter: the president and the speaker say they will cut their vacation short to return to washington later this week to try to get back to work to hammer something out. dennis and dagen? dagen: peter, aren't they nervous about this? do you get that sense from them at all down in washington that, like, the time is here now and you're --
we don't know yet what senator reid plans to bring to the senate for a vote. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years, and he gets to blame republicans for it. >> what we ought to do is take speaker boehner's last offer, the...
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Dec 23, 2012
12/12
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they're both having their problems and you know, two weeks ago now that harry reid was spending all of his time trying to find popcorn for a special showing of the lincoln movie? get to work people. >> neil: that's right, by the way, we have it on good authority he did find way to get a waiver so they could have food in the auditorium. i don't think it was buttered, just regular. >> no way, that's so good. >> neil: ben stein, the bottom line, nothing gets done and back and forth continues. >> it's a disgrace, first of all, aim not sure there are 330 million americans and your data may be-- >> 328.4, i digress. >> the real issue to me, the simple thing, they're our representatives, they're the government. they're supposed to be governing, not supposed to be pouting and throwing fits. they're supposed to be governing and this is a big giant issue, they've got to get to work. this, this comic game playing and pout ang showing off, it's a disgrace and they've got to come back and i think the president should call them back into session and get to work. >> i totally disagree. >> i knew you
they're both having their problems and you know, two weeks ago now that harry reid was spending all of his time trying to find popcorn for a special showing of the lincoln movie? get to work people. >> neil: that's right, by the way, we have it on good authority he did find way to get a waiver so they could have food in the auditorium. i don't think it was buttered, just regular. >> no way, that's so good. >> neil: ben stein, the bottom line, nothing gets done and back and...
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Dec 28, 2012
12/12
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knows that and harry reid is hostage to his own caucus. >> harry reid pass legislation to raise taxes -- [talking over each other] >> he got them a few months ago in july when he voted to raise taxes -- [talking over each other] >> we are heading into the midterm is. people have short-term memory is. when they see the vote with the fiscal cliff they will say wait a second, those thirteen democrats -- [talking over each other] >> 13 democrats in the same polling that all people do when they're ready for election and they have seen essentially voters overwhelmingly believe you have to raise taxes on what they consider [talking over each other] [talking over each other] >> that is not so according to the polls and these people are running for reelection. >> suppose we get higher taxes on people making $250,000 a year. i agree that is what is going to happen. that doesn't solve anything. it solves absolutely nothing. this is a spending problem. >> it is a revenue problem aad the spending problem. >> >> we are at pre [talking over each other] [talking over each other] >> under reagan it wa
knows that and harry reid is hostage to his own caucus. >> harry reid pass legislation to raise taxes -- [talking over each other] >> he got them a few months ago in july when he voted to raise taxes -- [talking over each other] >> we are heading into the midterm is. people have short-term memory is. when they see the vote with the fiscal cliff they will say wait a second, those thirteen democrats -- [talking over each other] >> 13 democrats in the same polling that all...
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Dec 28, 2012
12/12
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you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the closer we get to the end, the less likely it is you can compress an agreement into place that will have enough votes to pass. >> this is basically it. the first time in weeks the top democrat, the top republican from the house and senate have gotten together here at the white house with the president and vice preside
you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this...
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Dec 27, 2012
12/12
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i want to read you what the treasury secretary wrote to harry reid. he said i'm writing inform you that the statutory debt limit will be reached on december 31. he wenon to say that they have special gimmicks they are going to deploy to allow us to go past december 31. we have to tell you that here we are again. nothing is being done. we have no resolution of the fiscal cliff h and we are about to hit our heads on the debt ceiling. what you have to say? >> first off, let's remember that the debt limit is no surprise. the surprise is that he shouldn't be surprised. it's his job to keep track of this. and everybody knew that we are going to run out of money in december. apparently except for him. one ofthe big secrets during the presidential election, there were a lot of things that the administration kept from the american people. one of the big secrets was that we would hit this debt limit in december. because of the way they have been spending money for that past year. they have $150 trillion in january, remember? we all talked about that. they have
i want to read you what the treasury secretary wrote to harry reid. he said i'm writing inform you that the statutory debt limit will be reached on december 31. he wenon to say that they have special gimmicks they are going to deploy to allow us to go past december 31. we have to tell you that here we are again. nothing is being done. we have no resolution of the fiscal cliff h and we are about to hit our heads on the debt ceiling. what you have to say? >> first off, let's remember that...
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Dec 22, 2012
12/12
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i just spoke to speaker boehner and i also met with senator reid. in the next few days i've asked leaders of congress to work towards a package that prevenents a tax hike on middle class americans, protects unemployment insurance for two million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in 10 days. once this legislation is agreed to, i expect democrats and republicans to get back to washington and have it pass both chambers. i will immediately sign that legislation into law before january 1st of next year. it's that simple. averting this middle class tax hike is not a democratic responsibility or a republican responsibility. with their votes the american people have determined that governing is a shared responsibility between both parties. in this congress laws can only pass with support from democrats and republicans and that means nobody gets 100% of what they want. everybody's got to give a little bit, in a sensible way. we move forward together, or we do
i just spoke to speaker boehner and i also met with senator reid. in the next few days i've asked leaders of congress to work towards a package that prevenents a tax hike on middle class americans, protects unemployment insurance for two million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in 10 days. once this legislation is agreed to, i expect democrats and republicans to get back to washington and have...
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Dec 28, 2012
12/12
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happen, 26 minutes away from this session, will include the president, congressional leadership, harry reid, john boehner, last-minute invite and mitch mcconnell. here is what they are considering. we have $5 billion in additional taxes kick in after the first of the year. this will affect everybody including middle-class people, $3,500 is the average tax hit for american families. what happened to consumer confidence? is down dramatically. people getting a sense of what will look like and constrain their lives. the wealthier you are the more you pay. a lot of people out there are suddenly and the only now getting the sense of how much money this is going to be and they don't like it one bit. adam: is their legitimacy to selling off government assets? will homeowners do it? chicago did it, they sold off their parking meters, not popular in chicago. gerri: it is usually desperation police. you saw the city of baltimore, ball park or something, things are as bad as they're going to get and we have to do what we cannand usually they are entrenched interests that won't that use of amtrak or tha
happen, 26 minutes away from this session, will include the president, congressional leadership, harry reid, john boehner, last-minute invite and mitch mcconnell. here is what they are considering. we have $5 billion in additional taxes kick in after the first of the year. this will affect everybody including middle-class people, $3,500 is the average tax hit for american families. what happened to consumer confidence? is down dramatically. people getting a sense of what will look like and...